
Freight Market Update: June 20, 2024
Transpacific volumes stay strong as Cape of Good Hope routings and port congestion drive blank sailings, with carriers maintaining June GRIs.

Transpacific volumes stay strong as Cape of Good Hope routings and port congestion drive blank sailings, with carriers maintaining June GRIs.

Week of June 13, 2024: strong transpacific volumes and Cape of Good Hope routings drive blank sailings, port congestion, and rising ocean rates.

Transpacific eastbound ocean freight enters peak conditions as May imports rise 6.8% YoY and carriers push successive $1,000 GRIs across gateways.

Transpacific eastbound ocean freight enters peak conditions as May US imports rise 6.8% YoY and carriers push fresh $1000 GRIs in late May 2024.

A strong May 1 GRI lifts Transpacific spot rates on robust US demand, while a possible Canadian railroad strike from May 22 raises new disruption concerns.

Freight Market Update for April 25, 2024, as congestion builds at Vancouver and Prince Rupert and fog closures tighten transpacific space ahead of a GRI.

Flexport shares top takeaways from TPM '24 in Long Beach, where Red Sea risks, Panama Canal restrictions, and ILA contract talks fueled supply chain uncertainty.
Global air cargo capacity rises 10% over 2019 as Red Sea crisis and Lunar New Year lift transpacific and Asia-Europe air yields into late January.